Module 1: General Ledger Setup

This chapter explains the setup of the General Ledger in Microsoft Dynamics AX. It shows how to setup a company currency, additional currencies and exchange rates. It also explains how to create periods, a new fiscal year, dimension value, and a dimension focus.

Lessons

• Set up a Currencies and Exchange Rates
• Create Periods in a New Fiscal Year
• Create Date Intevals
• Create a Dimension Value
• Create a Dimension Focus

After completing this chapter, students will be able to:

Module 2: Chart of Accounts

This chapter explains the setup of the Chart of Accounts. It also shows how to create and set up account allocation terms, system account, and view inquires and reports about the Chart of Accounts.

Lessons

• Create a New Account in the Chart of Accounts (COA)
• Set Up Account Allocation Terms
• Set Up System Accounts
• View Inquiries and Reports Related to the Chart of Accounts

After completing this chapter, students will be able to:

Module 3: Journal Setup

This chapter explains the Journal setup. It shows how to create and work with journal names, journal controls, journal texts, and how to set up balance control accounts, and General Ledger parameters.

Lessons

• Create Journal Names
• Set Up Journal Controls
• Create Journal Texts
• Set Up Balance Control Accounts
• Set Up General Ledger Parameters

Lab: Lab 3.1: Setting Up Journals

After completing this chapter, students will be able to:

Module 4: General Ledger Daily Procedures

This chapter explains the transactions entered in the General Ledger. It shows how to create general journals, enter and post General Ledger journal transactions, post multiple journals, create approval journals, period journals, and retrieve period journals. It also explains General Ledger transaction reversal and the inquiry and reports about General Ledger journal transactions.

Lessons

• Create General Ledger Journals
• Enter General Ledger Journal Transactions
• Create Journal Batch Processing
• Create Approval Journals
• Create and Retrive Periodic Journals
• General Ledger Transaction Reversal
• Inquire and Report on Daily Journal Transactions

After completing this chapter, students will be able to:

Module 5: Sales Tax Setup

This chapter explains the sales tax set up. It also explains how to set up the different components of sales tax, and sales tax exempt data, and how to calculate and post withholding sales tax.

Lessons

• Create Ledger Posting Groups
• Create Sales Tax Authorities
• Create Sales Tax Settlement Periods
• Create Sales Tax Codes
• Create Sales Tax Codes Intervals
• Create a Sales Tax Groups
• Create Item Sales Tax Groups
• Create Sales Tax Transactions
• Create Sales Tax Exempt Data
• Calculate and Post Withholding Sales Tax

After completing this chapter, students will be able to:

Module 6: Bank Management Setup

This chapter explains the setup of the Bank module in Microsoft Dynamics AX. Logically, a bank account is needed before creating a check to pay an invoice. This chapter explains how to setup bank transaction types and transaction groups, bank groups, and bank parameters. It also explains how to create a bank account, and defines the check layout for a bank account.

Lessons

• Set Up Bank Transaction Types and Transaction Groups
• Set Up Bank Groups
• Set Up Payment Purpose Codes
• Set Up Bank Parameters
• Create a Bank Account
• Define the Check Layout for a Bank Account

After completing this chapter, students will be able to:

Module 7: Accounts Payable Setup

This chapter explains the setup of Accounts Payable within Microsoft Dynamics AX. It explains the importance of setting up vendor groups and posting profile, and shows the different Accounts Payable setup option, procedures, and defaults related to vendor payments.

Lessons

• Create a Payment Schedule
• Create Terms of Payment
• Create a Payment Day
• Set Up Cash Discount
• Create a Payment Fee
• Create a Method of Payment
• Set Up Vendor Groups
• Set Up Posting Profiles
• Create a New Vendor

After completing this chapter, students will be able to:

Module 8: Accounts Payable Daily Procedures

This chapter explains the various journals available in Microsoft Dynamics AX Accounts Payable. It describes what each journal is used for and how transactions are entered into each of the journals.

Lessons

• Explain the Different Invoice Journals
• Approve an Invoice Register Journal
• Create an Invoice excl. Posting
• Create an Invoice Journal
• Create a Payment Proposal
• Run a Payment Proposal for a Mark for Settlement
• Create a Payment Journal
• Generate a Payment
• Edit Open Transactions
• Reverse Settlements

After completing this chapter, students will be able to:

Module 9: Accounts Receivable Setup

This chapter explains how to set up the Accounts Receivable module in Microsoft Dynamics AX. The set up of Accounts Receivable is almost a mirror image of the set up of Accounts Payable. The main topics covered are specific to Accounts Receivable or are covered as a review from Accounts Payable.

Lessons

• Payment Schedule
• Terms of Payment
• Payment Day
• Cash Discount
• Payment Fee
• Methods of Payment
• Customer Groups
• Posting Profiles
• Create a New Customer

After completing this chapter, students will be able to:

Module 10: Accounts Receivable Daily Procedures

This chapter explains the journals available for invoice entry within Accounts Receivable. Students learn how to enter a free text invoice (non-inventory) invoice as well as the payment journal.

Lessons

• Customer Process Overview
• Create a Free Text Invoice
• Create a Payment Journal
• Edit Open Transactions
• Reverse Settlements
• Reimburse a Customer

After completing this chapter, students will be able to:

Module 11: Bank Management Daily Procedures

This chapter explains the various procedures available to manage bank transactions in Microsoft Dynamics AX.

Lessons

• Create Checks
• Delete Checks
• Create a Bank Deposit Entry
• Void Checks
• Create a Check Refund that Prints Out a Check
• Use Bank Remittances
• Cancel Payment
• Reconcile a Bank Account

After completing this chapter, students will be able to:

Module 12: Financial Statements

This chapter explains the Financial Statement feature in Microsoft Dynamics AX, which is used to build a custom reporting structure.

Lessons

• Create a Dimension Focus
• Create a Row Definition
• Design the Structure of Row Definitions
• Create a Column Definition
• Print a Financial Statement
• Create and Print a Dimension Statement
• Display Balance by Dimension

After completing this chapter, students will be able to: